TextMagic AS (OTSE:MAGIC) Days Payable : 22.19 (As of Dec. 2023)

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What is TextMagic AS Days Payable?

TextMagic AS's average Accounts Payable for the six months ended in Dec. 2023 was €0.39 Mil. TextMagic AS's Cost of Goods Sold for the six months ended in Dec. 2023 was €3.20 Mil. Hence, TextMagic AS's Days Payable for the six months ended in Dec. 2023 was 22.19.

The historical rank and industry rank for TextMagic AS's Days Payable or its related term are showing as below:

OTSE:MAGIC' s Days Payable Range Over the Past 10 Years
Min: 28.38 Med: 39.42 Max: 50.46
Current: 28.55

During the past 3 years, TextMagic AS's highest Days Payable was 50.46. The lowest was 28.38. And the median was 39.42.

OTSE:MAGIC's Days Payable is ranked worse than
68.56% of 2535 companies
in the Software industry
Industry Median: 49.81 vs OTSE:MAGIC: 28.55

TextMagic AS's Days Payable increased from Dec. 2022 (16.78) to Dec. 2023 (22.19). It may suggest that TextMagic AS delayed paying its suppliers.

TextMagic AS Days Payable Historical Data

The historical data trend for TextMagic AS's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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TextMagic AS Days Payable Chart

TextMagic AS Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

50.46

28.38

TextMagic AS Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Days Payable	3.19	16.78	36.42	22.19

Competitive Comparison of TextMagic AS's Days Payable

For the Software - Application subindustry, TextMagic AS's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

TextMagic AS's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, TextMagic AS's Days Payable distribution charts can be found below:

* The bar in red indicates where TextMagic AS's Days Payable falls into.

TextMagic AS Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

TextMagic AS's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.596	+	0.315)	/	2 )	/	5.859	*	365
=	0.4555					/	5.859	*	365
=	28.38

TextMagic AS's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.464	+	0.315)	/	2 )	/	3.203	*	365 / 2
=	0.3895					/	3.203	*	365 / 2
=	22.19

TextMagic AS Days Payable Related Terms

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TextMagic AS (OTSE:MAGIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TextMagic AS (OTSE:MAGIC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Moisa Road 4, Tallinn, EST, 13522

Website

https://www.textmagic.com

TextMagic AS is an international text messaging company that helps small and medium-sized businesses to engage with customers. It operates mainly in the U.S., the U.K., Canada, and Australia. TextMagic enables companies to transform customer experiences through its easy-to-use text messaging marketing software, which can be used for sending notifications, alerts, reminders, confirmations, and SMS marketing campaigns anytime, anywhere. The majority of revenue is derived from the United States and Canada.

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